If you are injured on the job, it is important to know what your potential benefits may be so you can limit your spending accordingly. Benefits are based on your average weekly wage over the previous year. The exact calculation is a little more complicated than just that, but the basic rule of thumb is that benefits are two-thirds of that weekly wage, but there is a cap. For example, if you made $75,000 a year in North Carolina, your weekly wage would be $1,442.31 a week. Two-thirds of that amount would be $961.59.
Can you get that amount in disability benefits while you are out of work? Not in this state. If your injury was in 2010, the maximum amount was capped at $834.00 ($43,368 a year) which would be a net loss of $608.31 a week ($31,632.12 a year) from your pre-injury weekly wage, and $127.59 less than two-thirds of your pre-injury wage. It’s hard to pay the mortgage when you suffer a wage loss of over $31,000 a year, and get disability benefits that pay closer to 58% instead of 66%.
In many other states the capped weekly amount is much lower than in North Carolina. For example, Continue reading